Randwick, New South Wales 2031

Cafe 6 Days in Randwick Selling 30 Kg Coffee PW. Perfect lifestyle business.

For Sale | $129,000

Cafe/Coffee Shop Takeaway Food

This 6-day suburban cafe based in the Eastern Suburbs of Sydney is being offered for sale for the first time in 12-years. The cafe is currently trading from 7 am to 3 pm Monday to Saturday.

Simple and easy to run business that has been operating in the same location since opening and features numerous positive reviews from their loyal customer base. The location provides great exposure and is excellent for capturing passing foot traffic.

The business is selling approximately 30kg of a boutique brand coffee roast per week and has a small but popular breakfast lunch and desert menu that is easy to prepare. Lots of potential to grow takings for a motivated new owner.

Turnover
$7,000 pw

Cost of sales
$1,750 pw

Rent
$930 pw + Ougoings $20 pw

Wages
$2,000 pw

Utilities
$350 pw

Other Expenses
$150 pw

Net Profit
$1,800 pw

Potential
Business can extend trade to open on Sunday for substantially higher takings.

Opening hours can be extended for an earlier start to grow takings. The new owner may also choose to start offering delivery services and catering to the local area.

The menu can also be optimised and can easily be expected to grow food sales on the back of their solid coffee volumes.

Location & Premises Details
Prominent location with cafe situated at a main road intersection next to several other businesses, a bus stop and surrounded by many houses and apartment blocks with virtually no competition in the vicinity of the business.

The cafe has extensive kitchen equipment including fridges and cookers and an excellent food prep area that can be utilized for an enhanced food offering to customers by the new owner. They have approximately 15 seats inside and 12 seats outside.

Skills
Experience running a cafe would be an advantage but not essential as the business is simple and well set up to operate from day one.

Hours
Monday to Friday from 7 am to 3 pm. Closed on Sunday's

Lease
Current lease term to December 2019 + 3-year option. Opportunity to amend existing lease for the purchaser for additional options i.e. 5+5 years.

Employees
1 working owner plus 3 casual staff including 2 kitchen hands.

Reason for Sale
The owner has had the business for over 12 years and feels that it is time for a new owner that can operate and grow the business into the future.

Contact Michael Short from Biz Transfer learn more about this fantastic 6-day cafe as soon as possible to secure this rare opportunity.

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Overview

This Cafe/Coffee Shop Business is one of 5 businesses for sale in Waterloo, New South Wales, and one of 20 Cafe/Coffee Shop Businesses in this region that a business for sale currently has on offer. This Cafe/Coffee Shop Business is for sale in Waterloo for the asking price of $129,000 and has been on market for less than 3 months.